O funding rate explained
Right now o1.exchange (O) perpetual futures trade on 9 exchanges we track. The highest funding is on KuCoin at +0.172% per day, the lowest on Variational at +0.030%. The average across all venues is +0.053% per day, or about +19.4% a year. Positive funding means O longs are paying shorts — the market is leaning long.
The gap between the highest and lowest venue is +0.142% per day. A delta-neutral position that shorts O on KuCoin and goes long on Variational would collect that difference at each settlement, before trading fees and the price spread between the two contracts. Check the live O arbitrage board for the price side of the trade.
Settlement intervals differ: O funding is paid every 4 hours depending on the exchange, so every rate on this page is also shown normalised to 24 hours and as an APR.
Related: O arbitrage · o1.exchange price · funding rates for all coins.